10-K Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001193125-12-077267`
Period End Date	20111231
Filing Date	20120224
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	sgc-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 22 Cash Flow Statement 61 Stockholders Equity 27 Comprehensive Income 4

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$600.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$758.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $758,000 and $600,000, respectively	`AccountsReceivableNetCurrent`	$15.94M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $758,000 and $600,000, respectively	`AccountsReceivableNetCurrent`	$16.52M	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.75M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$1.27M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$31.03M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$41.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.97M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$66.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.96M	shares	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.99M	shares	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$9.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.96M	shares	Point-in-time
OTHER INTANGIBLE ASSETS	`IntangibleAssetsNetExcludingGoodwill`	$2.75M	USD	Point-in-time
OTHER INTANGIBLE ASSETS	`IntangibleAssetsNetExcludingGoodwill`	$911.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$3.46M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$1.68M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$174.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$107.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$74.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$80.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.50M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$10.44M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.82M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$640.00K	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.54M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.09M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$742.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$735.00K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Notes 11 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Notes 11 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1 par value - authorized 300,000 shares (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1 par value - authorized 300,000 shares (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 5,993,062 and 5,959,975, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 5,993,062 and 5,959,975, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.59M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$6.90M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$4.06M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$60.12M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.10M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.05M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$74.19M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$80.95M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$105.88M	USD	Annual
Net sales	`SalesRevenueNet`	$112.37M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$68.41M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$72.11M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.65M	USD	Annual
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.70M	USD	Annual
Interest expense	`InterestExpense`	$27.00K	USD	Annual
Interest expense	`InterestExpense`	$23.00K	USD	Annual
Total expenses	`CostsAndExpenses`	$100.13M	USD	Annual
Total expenses	`CostsAndExpenses`	$106.79M	USD	Annual
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.59M	USD	Annual
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.75M	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$1.45M	USD	Annual
Taxes on income	`IncomeTaxExpenseBenefit`	$1.94M	USD	Annual
Net earnings	`NetIncomeLoss`	$4.14M	USD	Annual
Net earnings	`NetIncomeLoss`	$3.81M	USD	Annual
Net earnings	`EarningsPerShareBasic`	$0.69	USD	Annual
Net earnings	`EarningsPerShareBasic`	$0.64	USD	Annual
Net earnings	`EarningsPerShareDiluted`	$0.68	USD	Annual
Net earnings	`EarningsPerShareDiluted`	$0.64	USD	Annual
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.54	USD	Annual
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.54	USD	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.14M	USD	Annual
Net earnings	`NetIncomeLoss`	$3.81M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.55M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.98M	USD	Annual
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$239.00K	USD	Annual
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$114.00K	USD	Annual
Provision for bad debts - notes receivable	`ProvisionForDoubtfulNotesReceivable`	$107.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$532.00K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$1.00M	USD	Annual
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$505.00K	USD	Annual
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-317.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$40.00K	USD	Annual
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$54.00K	USD	Annual
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$-342.00K	USD	Annual
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$337.00K	USD	Annual
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$-370.00K	USD	Annual
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$2.47M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$10.18M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.02M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.32M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.51M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-67.00K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$112.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$837.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-323.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.49M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$786.00K	USD	Annual
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$258.00K	USD	Annual
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.96M	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$62.00K	USD	Annual
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-7.00K	USD	Annual
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.46M	USD	Annual
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-855.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$771.00K	USD	Annual
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$913.00K	USD	Annual
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$61.00K	USD	Annual
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$45.00K	USD	Annual
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.06M	USD	Annual
Proceeds from notes receivable collections	`ProceedsFromCollectionOfNotesReceivable`	$101.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-609.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.93M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$24.93M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.42M	USD	Annual
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.42M	USD	Annual
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$24.29M	USD	Annual
Payment of cash dividends	`DividendsCash`	$-3.20M	USD	Annual
Payment of cash dividends	`DividendsCash`	$-3.23M	USD	Annual
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$625.00K	USD	Annual
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$958.00K	USD	Annual
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$882.00K	USD	Annual
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$533.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.10M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.52M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.74M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.30M	USD	Annual
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Cash and cash equivalents balance, end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents balance, end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Cash and cash equivalents balance, end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$60.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.05M	USD	Point-in-time
Balance, shares	`CommonStockSharesIssued`	5.99M	shares	Point-in-time
Balance, shares	`CommonStockSharesIssued`	5.96M	shares	Point-in-time
Common shares issued upon exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.06M	USD	Annual
Common shares issued upon exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.02M	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$532.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.00M	USD	Annual
Warrants issued	`WarrantsIssued`	$800.00K	USD	Annual
Common shares received as payment for stock options	`CommonSharesReceivedAsPaymentForOfStockOptions`	$-99.00K	USD	Annual
Common shares received as payment for stock options	`CommonSharesReceivedAsPaymentForOfStockOptions`	$-399.00K	USD	Annual
Purchase and retirement of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$882.00K	USD	Annual
Purchase and retirement of common shares	`StockRepurchasedAndRetiredDuringPeriodValue`	$534.00K	USD	Annual
Cash dividends declared ($.54 per share)	`DividendsCommonStock`	$3.20M	USD	Annual
Cash dividends declared ($.54 per share)	`DividendsCommonStock`	$3.23M	USD	Annual
Net earnings	`NetIncomeLoss`	$4.14M	USD	Annual
Net earnings	`NetIncomeLoss`	$3.81M	USD	Annual
Pensions, net of tax benefit	`DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease`	$-254.00K	USD	Annual
Pensions, net of tax benefit	`DefinedBenefitPlanBenefitObligationPeriodIncreaseDecrease`	$-2.83M	USD	Annual
Comprehensive Income:	`ComprehensiveIncomeNetOfTax`	$1.30M	USD	Annual
Comprehensive Income:	`ComprehensiveIncomeNetOfTax`	$3.55M	USD	Annual
Balance	`StockholdersEquity`	$60.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.05M	USD	Point-in-time
Balance, shares	`CommonStockSharesIssued`	5.99M	shares	Point-in-time
Balance, shares	`CommonStockSharesIssued`	5.96M	shares	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per share	`DividendsPayableAmountPerShare`	$0.54	USD	Point-in-time
Cash dividends declared per share	`DividendsPayableAmountPerShare`	$0.54	USD	Point-in-time
Pensions, tax benefit	`IncreaseDecreaseInPensionTaxBenefit`	$1.46M	USD	Annual
Pensions, tax benefit	`IncreaseDecreaseInPensionTaxBenefit`	$125.00K	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.